Bitcoin spot trading in the first half of 2025 has been heavily concentrated on Binance, which captured a staggering 37.34% of global volume—amounting to over $3.44 trillion.
The exchange remains the go-to venue for liquidity and large trades, often setting the tone for broader market moves.
Trailing behind, a combined group of exchanges—Bybit, Crypto.com, Coinbase, and OKX—make up roughly 29% of the market. While still significant players, their individual share lags well behind Binance’s commanding lead.
Mid-tier platforms like Upbit, Bitget, and HuobiPro maintain modest relevance, each hovering around 5% market share. Meanwhile, other exchanges such as Kraken, KuCoin, and Gate.io continue to serve niche or regional users, contributing less than 3% each to the global volume.
For traders watching big BTC movements or seeking the deepest liquidity pools, Binance remains the top destination—by a wide margin.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
Source: https://coindoo.com/binance-dominates-bitcoin-spot-market-in-2025-with-over-one-third-of-global-volume/